The Economic and Financial Crimes Commission has arraigned three men on charges of alleged conspiracy, stealing, and dishonest conversion of ₦276.8 million belonging to AIICO Insurance Plc.
In a statement on Wednesday, the EFCC said the suspects were arraigned on Tuesday before Justice Ismaila Ijelu of the Lagos State High Court, Ikeja Division.
The suspects are Adekunle Atanda Abiodun, Olawuyi Yusuf Adeola and Obinna Adolphus Nwosu.
The anti-graft agency alleged that the defendants conspired to steal and dishonestly convert the funds belonging to the insurance company.